Cyprus, known for its Mediterranean climate, is considered to be an attractive place for both businesses and residents. Investing in Cyprus real estate is beneficial due to the island’s labor, attractive taxation and a reliable transport.
Cyprus is a small and adaptable free-market economy with a positive long-term outlook despite the current challenging environment. Cyprus was ranked number 58 out of 144 countries by the World Economic Forum Global Competitiveness Report.On March 28, 2014, the Government of Cyprus announced the changes to the legislation that would allow foreign investors to acquire the citizenship of Cyprus (EU) and to obtain a passport by naturalization.
Advantages of Cyprus Citizenship:
Citizenship of an EU member state
Have the right to live, work, and study in all 28 EU countries
Have the right to security within the European social and legal system
Full citizenship and passports are granted to the applicant and all family members
Allowance of visa-free travel to 159 countries around the world
No residence is required
To qualify for citizenship of Cyprus investor must purchase real estate with the minimum value of € 2 mln.
The investor should not have a criminal record in the country of residence and on Cyprus.
The other property can be sold in 3 years.
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Interested in obtaining citizenship though purchasing a real estate?
Search for valuable investment options and a home away from home, that will qualify you for a second citizenship: